Parliament lifts bank bailout burden from taxpayers

Depositors are to be better protected by one of a number of measures approved by the European Parliament earlier today and there will be less political meddling to keep ailing bank costs down. THRE [...]

FINANCE
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BY OPulse Admin
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Apr 19 2014

Best Times to Buy, Sell or List a Home

A common question from a buyer or seller is: what is the best time to buy or sell a home? In the clothing world, it makes sense to get the best “deal” on winter clothes at the end of winter and th [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 17 2014

Non-performing loans in the land of freebees and populism

NON-performing loans (NPLs ) reached €26 billion and continue their upward trend while property prices continue their downward march. Valuable time has been lost unnecessarily. More than 12 months h [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 13 2014

Cyprus police issues arrest warrant for bitcoin entrepreneur

DANNY Brewster, CEO of bitcoin vendors Neo & Bee, is wanted by police on suspicion of fraud. Police issued an arrest warrant for Brewster on Friday. Sources told the Cyprus Mailthat Brewster is � [...]

FINANCE
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BY OPulse Admin
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Apr 11 2014

Mortgage-to-rent scheme study

The Cyprus government has instructed the Cyprus Land Development Corporation (CLDC) to study the mortgage-to-rent scheme employed in Ireland to help those having trouble maintaining their mortgage rep [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 09 2014

Sparks set to fly over primary residence protection bill

Sparks are expected to fly in the House on Monday when MPs will discuss a draft bill designed to protect primary residences from foreclosure, which MPs want to send to the plenum on Thursday. Sparks [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 07 2014

How many properties without Title Deeds?

Although a figure of 130,000 has often been quoted for the number of properties waiting to be issued with Title Deeds, this was based on statistics published by the Department of Lands and Surveys in [...]

MARKET TRENDS
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BY OPulse Admin
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Apr 05 2014

CB governor supports tough action on NPLs

OUTGOING Central Bank governor Panicos Demetriades said on Wednesday that banks must be allowed to seize assets, and borrowers who intentionally fail to repay loans must be penalised. Wading into t [...]

FINANCE
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BY OPulse Admin
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Apr 03 2014

Cyprus scraps maximum daily cash withdrawal limits

FINANCE
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BY OPulse Admin
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Mar 31 2014

Non-performing loans continue to mount

ACCORDING to the latest data from the Central Bank of Cyprus, non-performing loans at the end of January rose to €26.5 billion. The Central Bank reports that non-performing loans with the commerc [...]

FINANCE
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BY OPulse Admin
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Mar 28 2014